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A Wells Fargo logo is seen in New York City, U.S. January 10, 2017. REUTERS/Stephanie Keith Wells Fargo & Co, Royal Bank of Scotland Group Plc and Deutsche Bank AG have reached a $165 million class-action settlement over their underwriting for the now-bankrupt... More »
A Moneygram logo is seen outside a bank in Vienna, Austria, June 28, 2016. REUTERS/Heinz-Peter Bader U.S. electronic payments company Euronet Worldwide Inc (EEFT.O) launched a $1 billion bid for rival MoneyGram International Inc (MGI.O) on Tuesday, arguing tha... More »
FILE PHOTO: The logo of Toshiba Corp is seen behind a traffic signal at its headquarters in Tokyo, Japan January 27, 2017. REUTERS/Toru Hanai/File Photo Shares in Toshiba Corp tumbled on Wednesday after it said it would consider a sale of Westinghouse but did ... More »
FILE PHOTO – The logo of Morgan Stanley is seen at an office building in Zurich, Switzerland September 22, 2016. REUTERS/Arnd Wiegmann/File Photo Morgan Stanley is hiring hundreds of tech-savvy specialists at its wealth management branches to train advisers on... More »
The Trump administration’s firing of Manhattan U.S. Attorney Preet Bharara sent shockwaves through New York, but veterans of the high-profile office expect a longstanding mission of cracking down on political corruption and Wall Street wrongdoing to remain int... More »
FILE PHOTO – A Bitcoin sign is seen in a window in Toronto, May 8, 2014. REUTERS/Mark Blinch/File Photo Dreyfuss More »
Henderson Global Investors, a shareholder in Akzo Nobel (AKZO.AS), has called on the Dutch paint maker’s management to engage in takeover discussions with U.S. rival PPG Industries (PPG.N). More »
A worker washes windows high atop the Merrill Lynch building in downtown San Diego, California September 1, 2015. REUTERS/Mike Blake Merrill Lynch, a unit of Bank of America Corp, may not entirely do away with its commission-based retirement accounts, after Tr... More »
Chairman of the Senate Banking, Housing, and Urban Affairs Committee Mike Crapo (R-ID) hearing listens to testimony from Federal Reserve Chairman Janet Yellen on the “Semiannual Monetary Policy Report to the Congress” on Capitol Hill in Washington, U.S., Febru... More »
A young girl pushes her scooter past the front of the New York Stock Exchange (NYSE) with a Snap Inc. logo hung on the front of it shortly before the company’s IPO in New York, U.S., March 2, 2017. REUTERS/Lucas Jackson One of two current members of the U.S. S... More »
A Wells Fargo Bank is shown in Charlotte, North Carolina, U.S., September 26, 2016. REUTERS/Mike Blake Wells Fargo & Co (WFC.N) has taken further steps to restructure its retail banking business, demoting some senior executives within the bank, the Wall Street... More »
The run of gains on Wall Street turns 8 years old on Thursday and, despite its advanced age, is expected to rage on, with perhaps a few hiccups, based on a combination of stronger company earnings, lower taxes and a corporate-friendly administration in Washing... More »
A trader works on the floor of the New York Stock Exchange (NYSE) in New York, U.S., March 6, 2017. REUTERS/Brendan McDermid The run of gains on Wall Street turns 8 years old on Thursday and, despite its advanced age, is expected to rage on, with perhaps a few... More »
The Google logo adorns the entrance of Google Germany headquarters in Hamburg, Germany July 11, 2016. REUTERS/Morris Mac Matzen Alphabet Inc’s venture arm has invested in Currencycloud, a UK startup that provides technology to enable businesses to provide cros... More »
A driver displays Uber and Lyft ride sharing signs in his car windscreen in Santa Monica, California, U.S., May 23, 2016. REUTERS/Lucy Nicholson/Files (This March 1 story has been refiled to correct paragraph four to say Qatalyst Partners was retained to assis... More »
Martha Ruiz (L) and Brian Cullinan of PricewaterhouseCoopers confer on stage after the Best Picture was mistakenly awarded to ‘La La Land’ instead of ‘Moonlight’. REUTERS/Lucy Nicholson/File Photo Security has been stepped up for the two accountants responsibl... More »
Brian Cullinan (L) and Martha Ruiz of PricewaterhouseCoopers look on as presenter Warren Beatty holds the card for the Best Picture Oscar awarded to ‘Moonlight,’ after announcing by mistake that ‘La La Land’ was the winner. REUTERS/Lucy Nicholson Roy More »
Hong Kong-based brokerage CLSA will halve its U.S. headcount by shutting its equity research services, as declining payments prompt it to make an about-turn from its recent measures to expand the business in the world’s largest economy. More »
A woman walks past the London Stock Exchange building in the City of London, Britain, January 16 , 2017. REUTERS/Toby Melville London Stock Exchange (LSE.L) said its proposed merger with Deutsche Boerse AG (DB1Gn.DE) was unlikely to be approved by the European... More »
More Chinese companies are looking to raise debt offshore after Beijing approved a new funding structure last month that makes it easier and cheaper to tap foreign lenders. More »
A man talks on the phone as he stand in front of an advertising poster of the SoftBank telecommunications company in Tokyo October 16, 2015. REUTERS/Thomas Peter Japan’s SoftBank Group Corp (9984.T) is close to making an investment in U.S. office-sharing start... More »
A man wears U.S. dollar sign rings in a jewellery shop in Manhattan in New York City November 6, 2014. REUTERS/Mike Segar Web conferencing provider Premiere Global Services (PGi) is considering a return to the loan market to reprice its debt and even add a lit... More »
FILE PHOTO: A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France May 27, 2015. REUTERS/Benoit Tessier/File Photo Digital currency bitcoin jumped to a record high a... More »
File Photo: Berkshire Hathaway CEO Warren Buffett plays bridge during the Berkshire annual meeting weekend in Omaha, Nebraska May 3, 2015. REUTERS/Rick Wilking/File Photo Warren Buffett, widely considered one of the world’s best investors, is likely to tout th... More »
FILE PHOTO: An advertising board (L) showing a Chinese stone lion is pictured near an entrance to the headquarters (R) of China Securities Regulatory Commission (CSRC), in Beijing, China, September 7, 2015. REUTERS/Jason Lee/File Photo China’s securities regul... More »
FILE PHOTO – The U.S. Securities and Exchange Commission logo adorns an office door at the SEC headquarters in Washington, June 24, 2011. REUTERS/Jonathan Ernst The U.S. Securities and Exchange Commission has decided not to appeal a court ruling that limited i... More »
Traders work on the floor of the New York Stock Exchange, May 12, 2015. REUTERS/Brendan McDermid Bond trading revenue at the world’s top banks rose last year for the first time since 2012, thanks to increased activity after Britons’ voted to leave the European... More »
The offices of international finance companies are seen in the financial district of Canary Wharf in London, Britain, January 26, 2017. REUTERS/Eddie Keogh Commodities-related revenue at the 12 biggest investment banks fell by 7 percent last year, mainly due t... More »
Retirees play poker at a singles club in Sun City, Arizona, January 4, 2013. REUTERS/Lucy Nicholson Getting financial advice on complicated insurance products is, well, complicated. More »
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly Wall Street is pushing back against a proposed rule to force U.S. banks like Goldman Sachs Group Inc to h... More »
FILE PHOTO – Michael L. Corbat, president of the Citigroup, arrives at the Planalto Palace before a meeting with Brazil’s President Dilma Rousseff in Brasilia April 9, 2013. REUTERS/Ueslei Marcelino Citigroup Inc’s (C.N) board of directors cut Chief Executive ... More »
The BlackRock logo is seen outside of its offices in New York January 18, 2012. B REUTERS/Shannon Stapleton/File Photo Managers of BlackRock Inc’s (BLK.N) largest mutual fund, fearing Trump administration policies could hurt technology companies with hefty for... More »
The logo of Toshiba Corp is seen behind a traffic signal at its headquarters in Tokyo, Japan January 27, 2017. REUTERS/Toru Hanai Shares in Japan’s Toshiba sank 10 percent on Friday, after credit rating firm S&P Global said it could slash the conglomerate’s ra... More »
A CSX coal train (R) moves past an idling CSX engine at the switchyard in Brunswick, Maryland October 16, 2012. REUTERS/Gary Cameron The activist investor targeting U.S. railroad operator CSX Corp. (CSX.O) said in a letter to the company’s board on Thursday th... More »
A U.S. appeals court said on Thursday it will reconsider an October ruling that the Consumer Financial Protection Bureau’s structure is unconstitutional, virtually guaranteeing the battle over an agency borne of the financial crisis will reach the Supreme Cour... More »
Financial services software developer OpenFin has raised $15 million in a funding round that included JPMorgan Chase & Co and the venture capital arms of high-speed trading firm DRW Trading Group and interdealer broker NEX Group Plc, the company said on Thursd... More »
FILE PHOTO: The Canary Wharf business district is seen reflected in windows at dusk in London, Britain December 11, 2016. REUTERS/Toby Melville/File Photo Market trading is booming at U.S. and European banks thanks to Donald Trump and Brexit, and yet the glory... More »
Warren Buffett, chairman and CEO of Berkshire Hathaway, smiles before speaking with Bill Gates (not pictured), at Columbia University in New York, U.S., January 27, 2017. REUTERS/Shannon Stapleton Warren Buffett’s Berkshire Hathaway Inc (BRKa.N) was an aggress... More »
The AIG logo is seen at its building in New York’s financial district March 19, 2015. REUTERS/Brendan McDermid American International Group Inc (AIG.N), the largest commercial insurer in the United States and Canada, reported a bigger-than-expected quarterly l... More »
Republicans lawmakers are starting to put in motion plans to destroy or defang the U.S. agency intended to protect individuals from financial fraud. More »
CVR Energy Inc will not pay a penalty over allegations that it made inadequate disclosures to investors during its unsuccessful defense against billionaire Carl Icahn’s 2012 hostile takeover, the U.S. Securities and Exchange Commission said on Tuesday. More »
U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration U.S. insurers are buying corporate pension plans at a record clip as rising interest rates and all-time high stock-market values... More »
A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo Technology whizzes who helped Goldman Sachs (GS.N) eliminate hundreds of trading jobs over the past few years are venturing into the bank’s ... More »
European investors are piling into exchange-traded funds, favoring those that mimic active fund managers, in a market where traditional trading relationships between assets are breaking down. More »
Natixis SA appointed Jean Raby chief executive of Natixis Global Asset Management, effective Feb. 20. More »
Independent brokerage LPL Financial Holdings Inc posted a fourth-quarter profit that surged 56 percent as an increase in advisory assets helped soften the costs of an uncertain regulatory environment. More »
FILE PHOTO – Toshiba’s used-memory chips are seen at an electronics shop in Tokyo November 9, 2010. REUTERS/Kim Kyung-Hoon/File Photo Toshiba Corp has received bids ranging from 200 billion yen to as much as 400 billion yen ($1.8-3.6 billion) for a 19.9 percen... More »
FILE PHOTO – Leon G. Cooperman, CEO of Omega Advisors, Inc., speaks on a panel at the annual Skybridge Alternatives Conference (SALT) in Las Vegas May 7, 2015. REUTERS/Rick Wilking A U.S. judge on Tuesday held off ruling on whether to throw out a government co... More »
JPMorgan Chase & Co said on Tuesday it hired three senior bankers to its corporate client banking division, to serve companies in the southern United States. More »
FILE PHOTO – A sign is seen outside the E*Trade offices can be seen in New York November 12, 2007. REUTERS/Lucas Jackson Discount brokerage E*Trade does not plan to follow its competitor Charles Schwab’s price cuts, the online trading platform’s chief financia... More »
Dubai is finalizing a $3 billion, seven-year syndicated loan needed to back the expansion of Al Maktoum International Airport and plans to sign the facility over the next few weeks, banking sources familiar with the situation said on Monday. More »
After signing, U.S. President Donald Trump holds up an executive order rolling back regulations from the 2010 Dodd-Frank law on Wall Street reform at the White House in Washington February 3, 2017. REUTERS/Kevin Lamarque U.S. President Donald Trump on Friday o... More »
After signing, U.S. President Donald Trump holds up an executive order rolling back regulations from the 2010 Dodd-Frank law on Wall Street reform at the White House in Washington, U.S. February 3, 2017. REUTERS/Kevin Lamarque The Dodd–Frank Wall Street Reform... More »
A former Morgan Stanley wealth manager in New Jersey has been criminally charged with stealing about $5 million from clients, and then going on a spending spree including private jet service, luxury cars, and country club memberships. More »
FILE PHOTO: The logo of UBS is seen outside the building housing the headquarters of the Swiss bank in San Juan, Puerto Rico, July 31, 2015. REUTERS/Alvin Baez/File Photo UBS (UBSG.S) hopes optimism surrounding new U.S. President Donald Trump’s proposed polici... More »
FILE PHOTO: A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. REUTERS/Benoit Tessier/File Photo China’s three largest bitcoin exchanges, whose ac... More »
A view of the Goldman Sachs stall on the floor of the New York Stock Exchange July 16, 2013. REUTERS/Brendan McDermid/File Photo Goldman Sachs has rejected allegations by an Indonesian businessman who is seeking $1.1 billion in damages from the U.S. bank for m... More »
A Citigroup office is seen at Canary Wharf in London, Britain May 19, 2015. REUTERS/Suzanne Plunkett Citigroup said a focus on rich young Asians and new products has helped accelerate net new money growth at its Asia-Pacific consumer wealth business in 2016 to... More »
FILE PHOTO – A man walks into the JP Morgan headquarters at Canary Wharf in London May 11, 2012. REUTERS/Dylan Martinez/File Photo Indonesia’s reform-minded finance minister seemed to invoke memories of the 1997-98 Asian financial crisis this week when explain... More »
Citadel Securities, the market-making arm of billionaire hedge-fund manager Ken Griffin, has agreed to pay $22.6 million to settle charges that it misled customers about the way it priced trades, the U.S. Securities and Exchange Commission said on Friday. More »
The BlackRock logo is seen at the BlackRock Japan headquarters in Tokyo, Japan, October 20, 2016. REUTERS/Toru Hanai BlackRock Inc, the world’s biggest asset manager, reported better-than-expected quarterly profits on Friday as it clamped down on expenses and ... More »
The logo of Morgan Stanley is seen at an office building in Zurich, Switzerland September 22, 2016. REUTERS/Arnd Wiegmann/File Photo Morgan Stanley will pay $13 million to settle civil charges, after it overbilled some of its wealth management clients because ... More »
A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in Manhattan, New York City, U.S. December 28, 2016. REUTERS/Andrew Kelly Executives of big U.S. banks expressed optimism on Friday about the outlook for 2017 in their first publi... More »
Men walk past a 1Malaysia Development Berhad (1MDB) billboard at the fund’s flagship Tun Razak Exchange development in Kuala Lumpur March 1, 2015. REUTERS/Olivia Harris/File Photo The Australian Federal Police (AFP) said on Tuesday they are working with intern... More »
The logo of India’s largest online marketplace Flipkart is seen on a building in Bengaluru, India, April 22, 2015. REUTERS/Abhishek N. Chinnappa/File Photo India’s leading e-commerce company Flipkart shook up its top management for the second time in a year on... More »
A Bitcoin (virtual currency) paper wallet with QR codes and a coin are seen in an illustration picture taken at La Maison du Bitcoin in Paris, France, May 27, 2015. REUTERS/Benoit Tessier/File Photo Digital currency bitcoin kicked off the new year by jumping a... More »
Arrangement of various world currencies including Chinese Yuan, US Dollar, Euro, British Pound, in this picture illustration taken January 25, 2011. REUTERS/Kacper Pempel/Illustration/File Photo Global equity raising fell by more than a quarter in 2016, data s... More »
The main entrance of the Monte dei Paschi bank headquarters is seen in Siena, Italy March 13, 2012. REUTERS/Max Rossi/File Photo On the morning of July 29, former Italian Industry Minister Corrado Passera was traveling in a high-speed train towards the medieva... More »
A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo Deutsche Bank’s pursuit of success on Wall Street has come at a high price, a $7 billion plus penalty illustrating the... More »
An electoral poster of Donald Trump is displayed on the floor of the New York Stock Exchange (NYSE) the morning after the U.S. presidential election in New York City, U.S., November 9, 2016. REUTERS/Brendan McDermid For some equity funds and those betting on m... More »
A sign is displayed in the reception of Goldman Sachs in Sydney, Australia, May 18, 2016. REUTERS/David Gray/File Photo – RTX2UOJO Goldman Sachs Group Inc said its newly promoted co-chief operating officers and chief financial officer would each receive a $1.8... More »
People sit outside the New York Stock Exchange (NYSE) during the morning commute in New York City, U.S., September 15, 2016. REUTERS/Brendan McDermid – US leveraged lending guidelines could ease if a Wall Street-friendly Trump administration tells regulators t... More »
A Wells Fargo Bank is shown in Charlotte, North Carolina, U.S., September 26, 2016. REUTERS/Mike Blake Wells Fargo & Co (WFC.N) reported another decline in monthly consumer account openings, indicating that the bank is having trouble rebuilding its reputation ... More »
A statue is pictured next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany September 30, 2016. REUTERS/Kai Pfaffenbach/File Photo A unit of Deutsche Bank AG conceded that it misled investors and violated securities laws and will pay more than $40 m... More »
A view of the exterior of the Nasdaq market site in the Manhattan borough of New York City, U.S., October 24, 2016. REUTERS/Shannon Stapleton Stock exchange operator Nasdaq (NDAQ.O) will replace Denmark’s main C20 CAP index with a new index of 25 companies to ... More »
The Credit Suisse logo is seen at the headquarters in Milan, Italy, March 9, 2016. REUTERS/Stefano Rellandini/File Photo Credit Suisse on Friday said it would lower investors’ hurdle to redeeming two popular exchange-traded notes, used to bet on the price of o... More »
Investors are paying a price for not finding buyers for popular exchange-traded notes (ETN), used to bet on oil prices, that delisted from U.S. exchanges this week. More »
Bank of Japan (BOJ) Governor Haruhiko Kuroda attends a news conference at the BOJ headquarters in Tokyo, Japan, September 21, 2016. REUTERS/Toru Hanai/File Photo New financial technology, or “fintech,” poses fresh challenges for central banks in maintaining ba... More »
The Bank of Italy logo is seen at the company’s headquarters in Milan, Italy, January 19, 2016. REUTERS/Stefano Rellandini/File Photo Speculators convinced the euro zone faces fresh instability have zeroed in on Italy’s constitutional reform referendum on Sund... More »
A Wells Fargo branch is seen in the Chicago suburb of Evanston, Illinois, U.S. on February 10, 2015. REUTERS/Jim Young/File Photo Wells Fargo & Co (WFC.N) said it will continue to offer individual retirement accounts that pay brokers commissions and will adjus... More »
Banks involved in the blockchain consortium R3 CEV have expressed interest in investing $59 million in the company’s first funding round, less than half its overall target, a person close to the deal said on Friday. More »
A sign for the Financial Industry Regulatory Authority (FINRA) is seen outside the offices in New York’s financial district July 22, 2015. REUTERS/Brendan McDermid Wall Street’s industry-funded watchdog took steps to crack down more quickly on manipulative tra... More »
Morning commuters pass by the New York Stock Exchange (NYSE) on a rainy morning in New York City, U.S., October 21, 2016. REUTERS/Brendan McDermid counsel, not lead plaintiff’s attorney) More »
Euro coins are seen in front of displayed flag and map of European Union in this picture illustration taken in Zenica, May 28 2015. REUTERS/Dado Ruvic The euro zone has withstood several crises since 2008 that have thrown the 19-nation bloc’s very existence in... More »
Graduating students of the City College of New York cheer during the College’s commencement ceremony in the Harlem section of Manhattan, New York, U.S., June 3, 2016. REUTERS/Mike Segar At a moment of sharp national division, here is a bit of good news: young ... More »
Advertising covers the abandoned structure of an unfinished condominium in the Condado tourist district of San Juan, Puerto Rico August 31, 2013. REUTERS/Alvin Baez/File Photo The federal board overseeing Puerto Rico’s financial restructuring on Friday set a t... More »
The headquarters of UniCredit bank is seen in Milan, Italy, in this February 8, 2016 file photo. REUTERS/Stefano Rellandini UniCredit (CRDI.MI) and Societe Generale (SOGN.PA) declined to comment on talk of a possible merger between them after their shares rose... More »
The company logo of ZMP Inc. is seen on the body of a Robot Taxi Inc.’s Robot taxi, a self-driving taxi based on a Toyota Estima car body, during an unveiling ceremony in Yokohama, south of Tokyo, Japan, October 1, 2015. REUTERS/Yuya Shino Japanese robotics st... More »
New York financier Lynn Tilton, (L) founder of private equity firm Patriarch Partners, exits the U.S. District courthouse with her lawyer Randy Mastro (R) in New York City, U.S., November 1, 2016. REUTERS/Brendan McDermid A lawyer for financier Lynn Tilton on ... More »
A pair of elderly couples view the ocean and waves along the beach in La Jolla, California March 8, 2012. REUTERS/Mike Blake Retirement security already looked like a looming train wreck for most U.S. households before Election Day. Now, the consolidation of R... More »
The corporate logo of financial firm Morgan Stanley is pictured on the company’s world headquarters in the Manhattan borough of New York City, New York, U.S. January 20, 2015. REUTERS/Mike Segar/File Photo Big global banks, including Morgan Stanley, JPMorgan C... More »
A Wells Fargo bank is seen in Del Mar, California January 17, 2012. REUTERS/Mike Blake Wells Fargo & Co (WFC.N) has fired hundreds of employees with Wall Street licenses for improper sales practices, three U.S. senators said on Thursday. More »
The logo of Germany’s largest business bank, Deutsche Bank is seen in front of one of the bank’s office buildings in Frankfurt, Germany, October 27, 2016. REUTERS/Kai Pfaffenbach Deutsche Bank’s (DBKGn.DE) sale of a 20 percent stake in Chinese peer Hua Xia (60... More »
New York financier Lynn Tilton, (L) founder of private equity firm Patriarch Partners, exits the U.S. District courthouse with her lawyer Randy Mastro (R) in New York City, U.S., November 1, 2016. REUTERS/Brendan McDermid Financier Lynn Tilton took the stand o... More »
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., October 24, 2016. REUTERS/Brendan McDermid With a week to go to the U.S. presidential election and some polls showing a tightening race, political risk is suddenly back on ... More »
Mary Anne Ehlert came by her expertise in financial planning for special-needs families the hard way: she has lived through the challenge herself. More »
People sit outside the New York Stock Exchange (NYSE) during the morning commute in New York City, U.S., September 15, 2016. REUTERS/Brendan McDermid – RTSNWHN Just as memories of the financial crisis are fading and tough new banking regulations are beginning ... More »
The MetLife building is seen in New York, March 8, 2010. REUTERS/Shannon Stapleton/File Photo The U.S. government and the country’s largest life insurer are set for a rematch in a U.S. appeals court on Monday over how federal regulators decide a company is “to... More »
Bain, Apollo and Lone Star have been shortlisted in the sale of building materials maker Xella, a potential 2 billion euro ($2.18 billion) deal, according to several people close to the transaction. More »
